Find the Requested Value $$\begin{array} { l l l l } 616 & 421 & 736 & 948 \\510 & 966 & 948 & 439 \\585 & 737 & 580 & 725 \\856 & 610 & 720 & 985\end{array}$$

question 23

Multiple Choice

Find the requested value.
-A researcher for a car insurance company wishes to estimate the mean annual premium that men aged 20-24 pay for their car insurance. A random sample of 16 men aged between 20 and 24 yields The following annual premiums, in dollars. $$\begin{array} { l l l l } 616 & 421 & 736 & 948 \\510 & 966 & 948 & 439 \\585 & 737 & 580 & 725 \\856 & 610 & 720 & 985\end{array}$$ Use the data to obtain a point estimate of the mean annual premium for all men aged between 20 And 24. Round your answer to the nearest dollar.

• A)$690
• B)$694
• C)$711
• D)$703

---

Definitions:

Market Value

Today's market rate for the purchase or sale of services or assets.

Flotation Cost

Costs a company faces when it issues new securities, encompassing fees for underwriting, legal services, registration, and printing.

WACC

A measurement called the Weighted Average Cost of Capital assesses the cost of a business's capital, where every capital category is assigned a proportional weight.

Capital Structure

The particular combination of debt and equity that a company uses to finance its overall operations and growth.